VOL. 127 | NO. 24 | Monday, February 6, 2012
Magna Bank is taking steps to become a private banking company.

UTHSC College of Dentistry helps MCS students
Faculty, students and staff from the University of Tennessee Health Science Center’s College of Dentistry on Friday, Feb. 3, provided free dental services to more than 100 sixth- and seventh-grade students from Memphis Academy of Health Sciences.
The votes are still close on the Shelby County Commission as the group takes the first vote Monday, Feb. 6, on its third try at redistricting.
MAA Chairman and CEO Eric Bolton says the multifamily sector is going to be “pretty darn good” over the next few years. He offered analysts that assessment during a conference call Friday, Feb. 3, in conjunction with the real estate investment trust’s fourth-quarter and full-year 2011 earnings report.
One of the cameras in the courtroom of Federal Judge Hardy Mays was moved just a bit last month.
Brandon Gunn, a former accounting technician in the Shelby County Chancery Court Clerk’s office was sentenced to four years in prison Friday, Feb. 3, on conspiracy, theft and money laundering charges he pleaded guilty to in 2011.
At the outset, members of the schools consolidation transition planning commission set out some basic ground rules for the set of public hearings they began in late January.
The Tennessee Air National Guard base in Memphis would get eight C-17 aircraft in fiscal year 2013 under a U.S. Air Force plan to changes its structure.
How happy are you feeling, Memphis?
Media Source has received one of the television industry’s most prestigious honors, a Bronze Telly Award, for its production of “Mahaffey Covers Country Music’s Biggest Night.”
GOVERNMENT AGENDA
The Shelby County Commission will meet Monday, Feb. 6, at 1:30 p.m. in the Shelby County Administration Building, 160 N. Main St. Click on the icon for a full agenda.
SMALL BUSINESS SPOTLIGHT
A front page story in The New York Times last month did a deep dive into the manufacturing cycle of Apple’s ubiquitous iPhones, walking through in detail why the company makes its signature product overseas in a way that can’t be done here.
LOCAL COLUMNISTS
I decided to lose a few pounds in 2012. It’s not a New Year’s resolution and I’m not in a hurry. I’ve studied the psychology of weight loss enough to understand it’s not a good idea to lose too much weight quickly. Rapid weight loss is often interpreted by your nervous system as starvation. And your nervous system has a plethora of tricks up its sleeve to encourage you to not only eat but to binge eat to respond to such a situation.
THE MEMPHIS NEWS

Commercial real estate notches solid year amid still-sputtering economy
After most recessions, real estate bounces back.
In one of the more anonymous efforts in an interesting legislative session in Nashville, there is apparently some discussion of requiring school systems to charge nothing less than fair market value if they rent or sell a school building to a charter school.
February is celebrated as African-American History Month by arts groups across Memphis, but Collage dance Collective hopes to make the month part of a wider legacy.
The Arabic word halal means “lawful” or “permissible,” and while the concept applies to many aspects of Muslim life, its most common use applies to food preparation. Though the Muslim population in Memphis is usually put at about 10,000 to 15,000, that number seems to increase slowly but persistently, particularly in the medical field.
When all you manly men sit down to watch Super Bowl XLVI Sunday, you will of course be gorging on manly snack fare – spicy chicken wings, mile-high nachos, pigs-in-blankets, watercress sandwiches with the crusts cut off – that requires a manly wine to wash down. (I know that many of you will be drinking beer, but I promise that there’s nothing manly about Bud Light.)
STATE GOVERNMENT
KNOXVILLE (AP) – Teachers and lobbyists would be penalized for defaulting on student loans under legislation headed to the governor for his consideration.
NATIONAL BUSINESS
WASHINGTON (AP) – U.S. service companies grew at the fastest pace in 11 months in January as companies started hiring to keep up with rising demand.
WASHINGTON (AP) – Orders to U.S. factories rose in December, supported by a rebound in business investment in capital goods such as heavy machinery.
DEERFIELD, Ill. (AP) – Walgreen Co. said Friday that January revenue from stores open at least a year fell 4.6 percent, as a split with Express Scripts Inc. and a weak flu season hurt business for the largest U.S. drugstore chain.
NATIONAL GOVERNMENT
WASHINGTON (AP) – Legislation that would ban insider trading by lawmakers and thousands of executive branch officials headed for what could be a more contentious debate in the House after sailing through the Senate on a 96-3 vote.